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Apr 23, 2013
04/13
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KTVU
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senate today voted overwhelmingly to take up a bill that could impose sales tax on all internet sales. today's vote clears the way for debate and attempts later this week. it would then go to the house of representatives. the bill would exempt online retailers with less than a million a year in sales. >>> protesters in san francisco used the annual environmental event as a call to arms. [ drums beating ] >> at the epa's regional headquarters, a diversion crowd of demonstrators spoke out against a variety of problems. they criticized the investigation into last summer's richmond refinery fire and also protested against hydraulic fracking for natural gas. >> we're here to ask the epa to stop the expansion of the toxic wasteland filling our town. >> these people are really frustrated. many of them low-income minority folks from the bay area that feel like there's too much pollution in the neighborhoods. >> the protesters then marched to the state department offices where they stepped up their protests to civil disobedience. the epa administrator said 40 years after the first earth day, t
senate today voted overwhelmingly to take up a bill that could impose sales tax on all internet sales. today's vote clears the way for debate and attempts later this week. it would then go to the house of representatives. the bill would exempt online retailers with less than a million a year in sales. >>> protesters in san francisco used the annual environmental event as a call to arms. [ drums beating ] >> at the epa's regional headquarters, a diversion crowd of demonstrators...
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Apr 24, 2013
04/13
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KTVU
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this raises suspicion whether tamerlan tsarnaev used tax payer to finance the blot. in the meantime, his issue, katherine russell, hid her face as she left her parents' home in rhode island. she issued a statement through her attorney saying she was stunned by the terrorist plot and doing all -- all she can to assist in the investigation. >>> as a mother, sister, daughter, wife, katie deeply mourns the pain and loss to innocent victims. >> katherine russell dropped out of college to marry tamerlan tsarnaev in 2010. they do have a 3-year-old daughter. >>> 8:05. relatives of september 11th victims may get a second chance at college scholarship money raised in their names. a recent investigation shows california has ejected more than $15 million from special license plates honoring the victims. some of that money was supposed to provide scholarships for the victim's families. an audit shows less money was received. the schoolership inded up -- schoolership ended up closing to new apply can'ts. they may reopen -- apply can'ts. they may reopen -- applicants. they may reop
this raises suspicion whether tamerlan tsarnaev used tax payer to finance the blot. in the meantime, his issue, katherine russell, hid her face as she left her parents' home in rhode island. she issued a statement through her attorney saying she was stunned by the terrorist plot and doing all -- all she can to assist in the investigation. >>> as a mother, sister, daughter, wife, katie deeply mourns the pain and loss to innocent victims. >> katherine russell dropped out of college...
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53
Apr 18, 2013
04/13
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FBC
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eye 53
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taxes and nine days for corporate income taxes and what about the deficit? he will have to work until may 9th.
taxes and nine days for corporate income taxes and what about the deficit? he will have to work until may 9th.
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112
Apr 19, 2013
04/13
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KICU
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eye 112
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maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to do with their cost of production and some of the acquisitions they've made and some of the operating cost or lack of management of such. so it's a little different.
maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside...
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Apr 24, 2013
04/13
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FBC
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eye 48
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, we just tax people. we have seen it before. fundamentally, there does need to be reform in washington, $100 billion a year in corporate welfare, crony capitalism that needs to be looked at money from th should be us used at the gren energy. neil: i we think we should drop all subsidies. >> this green energy stuff is crony capitalism. neil: just, get rid of them all, what do you think? >> neil, we're in middle of that, new tech is a government guaranteed lender, that program is worked for 53 years, this year because of the risk sharing between new tech and government a zero subsidy item. there are times where government, does play an active and important role. but -- >> that is a lendinga i'm talking about with a government assuming the role of propping up an stray, or providing -- a industry or providing tax break to give an advantage, i think whether it is oil, or solar or anything in between, stop it. >> government should not be in venture capital business. neil: us can be a little bit pregnant. >> wel
, we just tax people. we have seen it before. fundamentally, there does need to be reform in washington, $100 billion a year in corporate welfare, crony capitalism that needs to be looked at money from th should be us used at the gren energy. neil: i we think we should drop all subsidies. >> this green energy stuff is crony capitalism. neil: just, get rid of them all, what do you think? >> neil, we're in middle of that, new tech is a government guaranteed lender, that program is...
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107
Apr 24, 2013
04/13
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KGO
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eye 107
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the tax foundation crunched the numbers and found that tax freedom day arrived for the rest of the country april 18 but california had to work physical april 24, four days longer than last year. only six other states have to work longer to reach tax freedom day than the golden state. >> it reports your every move on mass transit and stores it for years. now the new plan to change how long your personal data is kept. >> the mystery at at&t park, who took the plaque dedicated to the most good morning, everyone, on wednesday, halfway there. a look to the city, a gorgeous day and a gorgeous forecast. you may have fewer privacy worries in the future if you use a clipper card because there is a street reduce the length of time your travel data can be stored 679 the universal transit payment system keeps the information for up to seven years. the plan is to reduce it to 4 1/2 years, the same as fast track data. a bill has been introduced to cut data prevention time to six months. >> toddlers are so addicted to ipads they require therapy when they cannot play which behavior is on the rise. a four-
the tax foundation crunched the numbers and found that tax freedom day arrived for the rest of the country april 18 but california had to work physical april 24, four days longer than last year. only six other states have to work longer to reach tax freedom day than the golden state. >> it reports your every move on mass transit and stores it for years. now the new plan to change how long your personal data is kept. >> the mystery at at&t park, who took the plaque dedicated to...
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Apr 18, 2013
04/13
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FBC
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eye 68
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taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. but you know i want to go a step further. i'm encouraged by my colleague. at least with the income tax, let's not only have a maximum but let's have a minimum. if you need an average say 12% to cover the inco
taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like...
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Apr 22, 2013
04/13
by
KICU
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eye 129
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brick and mortar stores contend the tax loophole gives online stores a price advantage. the ceo of yahoo is defending her decision to end the tech company's work from home policy. the controversy sparked in february when a yahoo memo revealed marissa mayer was insisting yahoo employees would work better in the office than home. last week at a conference in los angeles, mayer told a crowd her comments were wrongly perceived as an "industry narrative." she also clarified: people are more productive when they are alone, but more innovative when they are together. the "silver state" is facing a rising unemployment rate. nevada now has the highest unemployment rate in the nation at 9.7%. nevada, california and mississippi had been tied at 9.6% in february. california and mississippi have now dropped to 9.4%. the country's lowest rate is in north dakota at 3.3%. the government is warning senior citizens to be cautious of investment scams. many seniors have their retirement savings parked in low-interest places such as treasury bonds, which are barely keeping up with the rate o
brick and mortar stores contend the tax loophole gives online stores a price advantage. the ceo of yahoo is defending her decision to end the tech company's work from home policy. the controversy sparked in february when a yahoo memo revealed marissa mayer was insisting yahoo employees would work better in the office than home. last week at a conference in los angeles, mayer told a crowd her comments were wrongly perceived as an "industry narrative." she also clarified: people are...
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Apr 24, 2013
04/13
by
CNBC
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eye 78
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it would require ap toll pay a high tax rate for the must issuing debt would lower apple's cost of capital. apple will likely issue new bonds. what would this look like? take a look at its tech peers. has a roughly 2% yield. microsoft ten year bond has a yield. a bond issued by apple would be very well received by the street. it would also give fixed income and value investors a new way or a new place to get cash to work and we're seeing that transformation right now. apple changing from a growth to a value name. >> i'm sure they would get the highest of high ratings. thank you very much. >> what are they misunderstanding repeatedly? >> it's almost hard to understand with the stock now an epic collapse. bullishness, not too long ago abounded. last february, apple hit a $500 billion market cap. out came the calls. apple would be a $1,000 stock. talking about what they called apple's unmatched asthetics. september 2012, as apple hit that record high, the mean of the 54 analysts tracking the stock was a buy with a mean price target. of course, not everybody got it wrong. once the bubble pops
it would require ap toll pay a high tax rate for the must issuing debt would lower apple's cost of capital. apple will likely issue new bonds. what would this look like? take a look at its tech peers. has a roughly 2% yield. microsoft ten year bond has a yield. a bond issued by apple would be very well received by the street. it would also give fixed income and value investors a new way or a new place to get cash to work and we're seeing that transformation right now. apple changing from a...
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Apr 18, 2013
04/13
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CNBC
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >> not so fast. our traders are quick. they're not always right. take a listen. >> i mentioned earlier, ene
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900...
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133
Apr 18, 2013
04/13
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CNBC
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eye 133
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taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a tremendous amount of bidding wars primarily in entry level and move-up buyer level. in the million five to two million, those type of clients they make their decision when they want to make their decision. but as far as our 250,000 to $900,000 price range, multiple bids. >> i love philly. it's a fantastic city. >> we are counting down. in just over two hours, three megatech companies are going to report their earnings after the bill. google, microsoft and ibm. we will preview all three of them next. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and long
taxes just under $11,000. five bedrooms, 3.5 baths. historic property. built in 1794. >> when you think of philadelphia, this is philadelphia. pine floors. moldings. restored to perfection. 19 feet wide. fantastic garden. this is a corporate relo. a suburban person who raised their family and moving in with maybe older children. this is six fireplaces. it's exactly what philadelphia represents. >> are you seeing some bidding wars on some of the houses? >> we're seeing a...
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Apr 17, 2013
04/13
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FBC
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eye 69
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i worry about the tax hike on the not only well to do but tax hike on every dollar on obamacare and other things. if anything that will affect things i doubt this will. gerri: rc. this is already one event too many for me. what do you say? >> bingo. >> consumers are driven most what is happening to their biggest asset. for most people the biggest asset is their house. is it appreciating depreciating? is it above water or below water? that will be big part of what drives consumer sentiment? how safe is their jobs? are they getting raising or people being laid off. that will drive consumer sentiment. gerri: certainly important issues. jordan back to you, when you look at the past what is response from consumers? >> certainly after 9/11 there was dramatic decrease in consumer activity. peopleut back on spending. gerri: recession. >> that happened at that time. this isn't that. it is a one-shot event at least at moment. if there are other events that would affect things much more. this is not as big as 9/11 but people definitely pull back when these things happen. gerri: gary to you. we've wa
i worry about the tax hike on the not only well to do but tax hike on every dollar on obamacare and other things. if anything that will affect things i doubt this will. gerri: rc. this is already one event too many for me. what do you say? >> bingo. >> consumers are driven most what is happening to their biggest asset. for most people the biggest asset is their house. is it appreciating depreciating? is it above water or below water? that will be big part of what drives consumer...
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Apr 24, 2013
04/13
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KPIX
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a carmel state senator would impose a penny per ounce tax on sugary drinks. it would raise $2.6 billion to be used to fight childhood obesity. >>> the next time you're craving a whopper you can have it your way and you can have it delivered. bk on the run. burger king is rolling out a delivery service to three metropolitan areas including the bay area. orders have to be at least $10 and be placed between 11 a.m. and 10 p.m. 15 restaurants here in the bay area will be participating. the service has already been a big hit in new york, miami, and washington, d.c. so pick up the phone and you have a whopper. >>> we're used to seeing caloric information on restaurant menus but what if those menus also listed how many minutes you had to exercise to burn off all the calories you were about to eat? researchers found that if consumers are aware of how much they would have to exercise, to do that they would more than likely choose lower calorie options. i bet. you know? >> i think so. >> eat the burger, three hours on a bike. >> not worth it -- actually, it is! [ laugh
a carmel state senator would impose a penny per ounce tax on sugary drinks. it would raise $2.6 billion to be used to fight childhood obesity. >>> the next time you're craving a whopper you can have it your way and you can have it delivered. bk on the run. burger king is rolling out a delivery service to three metropolitan areas including the bay area. orders have to be at least $10 and be placed between 11 a.m. and 10 p.m. 15 restaurants here in the bay area will be participating. the...
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Apr 24, 2013
04/13
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CNBC
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eye 42
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you also keep in mind, it's not a tax advantage unless you're a tax-exempt institution, which most of our clients are. >> gotcha. >> another big difference. >> all right. coming up, you saw it right here on the halftime show. ackman and icon going head-to-head over their positions on herbalife. >> i appreciate, bill, that you called me a great investor. i thank you for that. unfortunately, i can't say the same for you. >> this is not an honest guy and this is not a guy who keeps his word and this is a guy who takes advantage of little people. >> talk a little icon, talk a little herbalife. we're going to ask jim to weigh in, as well. we're back in two minutes. [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. [ agent smith ] i've found software that intrigues me. it appears it's
you also keep in mind, it's not a tax advantage unless you're a tax-exempt institution, which most of our clients are. >> gotcha. >> another big difference. >> all right. coming up, you saw it right here on the halftime show. ackman and icon going head-to-head over their positions on herbalife. >> i appreciate, bill, that you called me a great investor. i thank you for that. unfortunately, i can't say the same for you. >> this is not an honest guy and this is not a...
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Apr 24, 2013
04/13
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FOXNEWSW
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eye 90
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>> more taxes. there are so many hidden taxes in the affordable healthcare bill, which is a strange name, that we all are going to be paying. you know, initially, just the rich. then the semi-rich. then the nonrich. you know, the money has to come from someplace. what happens when the government grows to this size -- this is what the founding fathers warned us against. >> neil: in other words, the more you want, the more you have to pay and they tapped the rich and it's not enough to pay the bills. so how far down the so-called food chain do you see this going? >> obviously it's going to affect everyone eventually. also you have to remember that when you affect one segment of the population, we don't live in isolation, every segment will be affected. so the people who create jobs, if you're hurting them, they're not going to create as many jobs. on and on it goes. it's a continuum. we're all in the same boat. we need to be talking about things that work for everybody in an efficient way. >> neil: a
>> more taxes. there are so many hidden taxes in the affordable healthcare bill, which is a strange name, that we all are going to be paying. you know, initially, just the rich. then the semi-rich. then the nonrich. you know, the money has to come from someplace. what happens when the government grows to this size -- this is what the founding fathers warned us against. >> neil: in other words, the more you want, the more you have to pay and they tapped the rich and it's not enough...
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Apr 24, 2013
04/13
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KICU
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eye 108
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the gop can eliminate sequestration by approving a debt reduction plan that includes taxes from the wealthy through the closing of loopholes." "these cutbacks, with all the harm that's being caused to the traveling public, there's just no reason that i can see that justifies what's being done here." flight delay information is available at faa.gov. a bill will be introduced in the senate today aimed at banks that are considered too-big-to- fail. the legislation is meant to reduce risk at banks carrying more than $500 billion in assets. under the bill, the nation's largest lenders would have to raise the amount of money on hand, known as capital standards. the bi- partisan legislation is backed by a senate democrat and republican. they say the intent is to guard against the need for a taxpayer bailout in a financial crisis. the ceo and board of directors at citigroup will face key questions from an analyst at today's shareholder meeting. mike mayo, a respected analyst at clsa, is said to have purchased shares of citigroup so he could attend today's sharholder meeting and question the leaders
the gop can eliminate sequestration by approving a debt reduction plan that includes taxes from the wealthy through the closing of loopholes." "these cutbacks, with all the harm that's being caused to the traveling public, there's just no reason that i can see that justifies what's being done here." flight delay information is available at faa.gov. a bill will be introduced in the senate today aimed at banks that are considered too-big-to- fail. the legislation is meant to reduce...
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Apr 17, 2013
04/13
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CNBC
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eye 46
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> i'm feeling like a broken record, but once again, s&p 500 hitting fresh-session lows. being led lower by financials, technology, and energy. all of those spiders are lower by more than 2%. here's the financial spider getting weaker and weaker throughout the session. ditto, same intraday pattern for the technology, lower by more than 2%, and energy is lower, holy smokes, 2.75% for the xle. which brings us to crude, lower by 2.66%. down more than two bucks. bk, while we were sitting here, you sold brent. >> yes, i sold july brent about two minutes ago. and i was shorted yesterday. i covered it just about these prices. i wanted to get back in. so if you look at the inventory numbers today from the u.s., we had gasoline demand down, we've had production at highs since 1992. so you can go with the commodity oversu
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> i'm feeling like a broken record, but once again, s&p 500 hitting fresh-session lows. being led lower by financials, technology, and energy. all of those spiders are lower by more than 2%. here's the...
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123
Apr 23, 2013
04/13
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FBC
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eye 123
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i think what we see inexas is that taxes, you know, leads t nation in terms of numbers of worker fatalities, and i think that that is a consequence of not being diligent enough in terms of making sure that the facilities that are operating across the state are complying with the state and federal laws that are out the in existence. melissa: so, i mean, this is a problem that could touch anyone in our audience because in texas alone there are 1100 of these little local facilities, fertilizer that sell ctom blends. this is all around the country. what is the bottom line on who you think should be responsible or who is responsible for making sure that they are in compliance and that the emergency response teams are not putting themselves in harm's way when they g in to try and help in the emergency situation? >> well, that's right. i think, you know, there are a number of things that could be done. for instance, the fact that a school and a rest home and hospital or all in very close proximity to the fertilizer plant, i think that is an issue. you know, that is something that needs to be resol
i think what we see inexas is that taxes, you know, leads t nation in terms of numbers of worker fatalities, and i think that that is a consequence of not being diligent enough in terms of making sure that the facilities that are operating across the state are complying with the state and federal laws that are out the in existence. melissa: so, i mean, this is a problem that could touch anyone in our audience because in texas alone there are 1100 of these little local facilities, fertilizer...
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Apr 23, 2013
04/13
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FOXNEWSW
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eye 81
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your taxes. forget success success. you want off the line? san on the tax form dotted line. you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa signature. your idea of what a card should be. >>> we're just getting word now the sec is going to look into what happened earlier today in the market. you see that circle up top. a little after 1:00 p.m., what had been a triple digit advance in the dow turn into a triple digit tumble on a later proven false tweet on ap that the president had been injured in a terror attack in the white house. i want to stress the tweet was wrong. the report was wrong, ap said it had nothing to do with it. i is incorrect. the tweet was eropous. nevertheless within seconds of the tweet we had a tumble. the market later r
your taxes. forget success success. you want off the line? san on the tax form dotted line. you hurt my feelings, todd. i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm... [ male announcer ] at visa signature, every upgradedxperience comes from listening to our cardholders. visa...
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102
Apr 24, 2013
04/13
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KGO
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. >> the state senate will consider a tax on sugary drinks today in sacramento, and would add 12 cents to every can of soda in other sugary beverages including sweet tea and energy drinks. democratic senator of carmel says something needs to be done to curb alarming rates of obesity and diabetes. the california restaurant association is not happy about it and says the restaurant industry is facing a lot of other cost increasing right now. >> apple stock will trade in about 20 minutes following the release of latest earnings report which came after the closing bell yesterday. for the first time in a decade, earnings fell for the cupertino company, a sign of investor anxiety and increased competition despite the worries, the c.e.o. says the company is strong but he suggested apple will not be released any new products until the fall and throughout 2014. at 6:45 we will check with jane king and bloomberg business report and the new york stock exchange to see how the apple stock is doing. >> as apple faces increased competition c.e.o. still retains strong support in the company, with a sur
. >> the state senate will consider a tax on sugary drinks today in sacramento, and would add 12 cents to every can of soda in other sugary beverages including sweet tea and energy drinks. democratic senator of carmel says something needs to be done to curb alarming rates of obesity and diabetes. the california restaurant association is not happy about it and says the restaurant industry is facing a lot of other cost increasing right now. >> apple stock will trade in about 20...
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Apr 23, 2013
04/13
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CSPAN2
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eye 73
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all workers pay payroll taxes into a trust fund. all employers pay the same payroll tax into that trust fund and out of that trust fund comes all of the spending or part a services primarily hospital insurance spending. the age i trust funds has exceeded revenue since 2007 and what that means it is the balance of the trust fund and the assets of the trust fund have been declining and they will be totally completed sometime in the middle of the next decade. since the trust fund can't borrow if the laws are changed medicare will be unable to pay full payments for charges in the age i trust fund. it will only be able to reimburse providers 85% of what they are charging. so clearly legislative action has to be made before that he either to raise taxes or slow the growth in spending or preferably a little bit of both. i my reckoning i have completed my assignment and rather than take a gold star as i said i want to have a couple of general observations. the first when we have discussiodiscussio ends like this we should make clear what ou
all workers pay payroll taxes into a trust fund. all employers pay the same payroll tax into that trust fund and out of that trust fund comes all of the spending or part a services primarily hospital insurance spending. the age i trust funds has exceeded revenue since 2007 and what that means it is the balance of the trust fund and the assets of the trust fund have been declining and they will be totally completed sometime in the middle of the next decade. since the trust fund can't borrow if...
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64
Apr 16, 2013
04/13
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CNBC
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eye 64
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. >>> welcome back to "the halftime report. "here are halftime's top first three trades. target, the stock lower after the retailer said they would miss expectations, stock lower by 2/3 a percent. what do you think? >> you think payroll tax and all that, but that was not the case. what it was mostly according to the company, we have heard this consistently, was weather. weather wreaked havoc in terms of their sales, so it was too cold and people weren't buyingf
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has....
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Apr 19, 2013
04/13
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KQED
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ceo bill simon says his consumers were most worried about jobs followed by inflation, taxes and gas prices. consumers may have concerns, but a number of analysts aren't worried. >> i think walmart right now is running as well as walmart has ever run since i started watching them in 1968. they are doing a fabulous job of bringing product at the price to the customer. >> reporter: and the stockholders are reaping the art fits. aresgained 27% over the last year, better than the s&p index and the broader s&p 500 over the same time period. for "nightly business report," i'm courtney reagan. >>> and tomorrow we turn our attention to housing and the one company to watch this earnings season. >>> so many american companies including many walmart suppliers move manufacturing out of the u.s. to plants in china, looking to save money. but things have changed. rising costs for labor, material and shipping has forced a lot of companies to consider bringing some of those jobs back home. phil lebeau has more from shanghai. >> reporter: here in shanghai, u.s. manufacturers who have set up plants here in c
ceo bill simon says his consumers were most worried about jobs followed by inflation, taxes and gas prices. consumers may have concerns, but a number of analysts aren't worried. >> i think walmart right now is running as well as walmart has ever run since i started watching them in 1968. they are doing a fabulous job of bringing product at the price to the customer. >> reporter: and the stockholders are reaping the art fits. aresgained 27% over the last year, better than the s&p...
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Apr 18, 2013
04/13
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CNBC
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> another day in the red has the major averages on track for their worst week of the year. josh lipton breaks down today's big movers. hey, there, josh. >> a down day for the market, but there were spots of green here. your biggest gainer in the s&p. let's start with that. peabody energy. the coal
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly...
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Apr 23, 2013
04/13
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FBC
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to tax. "varney & company" about to begin. > >> any politician gets 70 million votes is larger than you and me as much as i hate to admit. it look at the winning smile and trusting eyes and i made myself vital, after 22 years in congress, i can smell which way the wind is blowing. stuart: kevin spacey, we show you that clip why "house of cards" a hit show only showing on netflix and that's why the stock will soar from the opening bell. look at it up nearly 25% pre-market and offered a month free with "house of cards" as the bait and people liked it, big jump in subscribers, almost as many pay for netflix as h.b.o. that means streaming arrived. and apple likely be to be the stock of the day along with netflix and earnings later. tim cook, pressure on him. apple hasn't had a break through since he took over and the entire financial team is on scrutiny. four apple executives are among the top paid of all 500 top company ceo's, get between 68 and 85 million dollars a year. a lot more than tim coo
to tax. "varney & company" about to begin. > >> any politician gets 70 million votes is larger than you and me as much as i hate to admit. it look at the winning smile and trusting eyes and i made myself vital, after 22 years in congress, i can smell which way the wind is blowing. stuart: kevin spacey, we show you that clip why "house of cards" a hit show only showing on netflix and that's why the stock will soar from the opening bell. look at it up nearly 25%...
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Apr 24, 2013
04/13
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CNBC
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they're going to get rid of the l & g tax break, aren't they? >> right now, i don't know if we can count on having a tax incentive for this year. >> to keep that so it makes it the btu equivalent is the bad for you. >> this is insane. >> it is insane. >> so the government, today to use a clean domestic fuel produced in america, we pay more on federal highway tax than the imported diesel. 18 cents a gallon. >> who is your backer in congress who understands -- >> well, we're working it, jim, i hope somebody is watching it tonight. we got to get that fixed. it isn't a big number today. it puts us at a disadvantage. it needs to get fixed. >> i think of trucking. i think of fedex and ups. fedex right here, in the heart of gold, they're skeptical. i might as well say, listen, that's a bad idea. >> listen, fred smith is a great put a. >> ceo. >> ceo, we love him. >> we love him. >> he basically said, i'm going to electrifify my fleet. >> by the way, they have 90,000 vehicles and he said publicly we are going to gasify. i was on a panel with bill today
they're going to get rid of the l & g tax break, aren't they? >> right now, i don't know if we can count on having a tax incentive for this year. >> to keep that so it makes it the btu equivalent is the bad for you. >> this is insane. >> it is insane. >> so the government, today to use a clean domestic fuel produced in america, we pay more on federal highway tax than the imported diesel. 18 cents a gallon. >> who is your backer in congress who understands...
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567
Apr 22, 2013
04/13
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FBC
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this is the internet tax we heard about for so long. would this make you less likely to shop on the internet? log on to facebook.co facebook.com/afterthebell, tell us what you think. we'll read your answer as little later this hour. ♪ . [ male announcer ] at his current pace, bob will retire whene's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob n retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. liz: been a long time since we've seen a stock react like this in the after markets especially to the upside. take a look at shares of netflix, soaring after-hours following first-quarter earnings. we have back to nicole petallides. this is significant jump on very solid numbers. >> it is unbelievable to watch netflix after-hours on the move. we talked about a few things. let's first go over the numbers
this is the internet tax we heard about for so long. would this make you less likely to shop on the internet? log on to facebook.co facebook.com/afterthebell, tell us what you think. we'll read your answer as little later this hour. ♪ . [ male announcer ] at his current pace, bob will retire whene's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and...
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Apr 24, 2013
04/13
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FBC
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moving op to tax reform. senator baucus will not stand for relix devoting the next 18 months in the senate, a powerful guy, chairman of the senate finance committee, pushing for tax reform, lower rates, fewer deductions. that's terrific. a shot of tax reform. your comment on that? >> well, i hope that's true. i wish him a happy and enjoyable life, created the affordable care act, but i hope he works hard on tax reform. if we get rid of the special interest deductions, those buried in the tax code, we'll have higher economic growth, more job, and a tax code that is simper and fairer for everyone in america. >> you are critical of senator baucus even though he said the other week the implementation of obamacare was a train wreck, his words. you're critical of the senator. >> well, senator baucus is the one who is largely responsible for the american people suffering under the affordable care agent right now. i mean, we're months from implementation. it really is a 0 # -- 2014-15 program, and the outrageousness
moving op to tax reform. senator baucus will not stand for relix devoting the next 18 months in the senate, a powerful guy, chairman of the senate finance committee, pushing for tax reform, lower rates, fewer deductions. that's terrific. a shot of tax reform. your comment on that? >> well, i hope that's true. i wish him a happy and enjoyable life, created the affordable care act, but i hope he works hard on tax reform. if we get rid of the special interest deductions, those buried in the...
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Apr 22, 2013
04/13
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FBC
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cheryl: more tax pain. legislation to boost internet sales taxes. peter barnes is standing by. >> i think the last 20 years, cheryl. this legislation has led to a titanic lobbying battle between brick-and-mortar retailers and many internet retailers led by ebay. it appears that it finally passed congress this year. in part because so many states need the revenue so badly. it means you would be required to collect sales taxes nationwide from no more than 9600 tax jurisdictions across the u.s. for brick-and-mortar retailers, we have an app for that. >> they will provide for software from the states to help small businesses comply. we think that online marketplaces like ebay could also serve this function. therefore, we think it would be reasonably easy for many businesses to comply with this law. peter: states say this legislation could help collect $23 billion. california alone could pull in an extra $4 billion a year. the fight right now is really over an exemption small online retailers. ebay is pushing for an exemption of under 10 million or 50 em
cheryl: more tax pain. legislation to boost internet sales taxes. peter barnes is standing by. >> i think the last 20 years, cheryl. this legislation has led to a titanic lobbying battle between brick-and-mortar retailers and many internet retailers led by ebay. it appears that it finally passed congress this year. in part because so many states need the revenue so badly. it means you would be required to collect sales taxes nationwide from no more than 9600 tax jurisdictions across the...
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Apr 22, 2013
04/13
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CNBC
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but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well. >> where many emerging markets are big opportunities? are you talking about a place like china where you're seeing 7%, 8% growth? india? where are the real exciting opportunities? i guess latin america is also something to discuss. >> we're investing disproportionately in the emerging markets, particularly in places like china. when you think about the opportunity, right now there's about 150 million people in the s-1, premium market. we see that probably expanding by three-fold over the next 10 to 20 years. over there as well, when you've got the emerging middle class
but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have to be more effective, more efficient. we think there's still a tremendous opportunity for us not only here in the developed markets like the united states but particularly in emerging markets as well....
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Apr 23, 2013
04/13
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KGO
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. >> bill that could impose sale taxes on online purchases clear add hurdle. the senate votes 74-20 to take up the bill to give states the authority to require online retailers like amazon to collect state and local sales taxes. if support continues, the senate could pass the bill by this week. california and eight other states already have laws that require online retailers to collect taxes for internet purchases. >> netflix is coming back after house of cards. >> good morning, brace for delays if you are flying. the f.a.a. is expected to continue to keep planes on the ground in some of the busiest airports as budget cut result in a shortage of air traffic controllers. the transportation department says they are thinking of preventing enforcement of rules. >> are you hooked on netflix? they say they signed up two million news customers last quarter with the new scary series beating records. >> and xbox maker will have a new app that lets gameers purchase physical goods like anything on the pizza hut menu using the gaming console. the gameers who order with th
. >> bill that could impose sale taxes on online purchases clear add hurdle. the senate votes 74-20 to take up the bill to give states the authority to require online retailers like amazon to collect state and local sales taxes. if support continues, the senate could pass the bill by this week. california and eight other states already have laws that require online retailers to collect taxes for internet purchases. >> netflix is coming back after house of cards. >> good...
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Apr 18, 2013
04/13
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FBC
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raise taxes. again, i thought that was app example of the to littization of the bombing. >> you know, i say to all the people, both sides of the aisle, anybody else who wanted to do this, give it a rest. it's been a couple days. if you want to make that argument, and frapping's argument is well-taken, but given it a rest for the next couple weeks. let people grieve. let people do what they need to do, and if you want to argue about funding first responders, the sequester, do it later. i don't like, you know, i was in washington for 9/11, and i actually never talk about this, but evacuated with the united states senate, and spent a day with our senators, very few staffers, saw them in the natural environment without handlers for lack of a better word, and they came together. i don't think the american people understand that they really did in the privacy of just them, with few staffer around, they really came together, and there was no partisanship. i want to see that again. >> i agree. i would --
raise taxes. again, i thought that was app example of the to littization of the bombing. >> you know, i say to all the people, both sides of the aisle, anybody else who wanted to do this, give it a rest. it's been a couple days. if you want to make that argument, and frapping's argument is well-taken, but given it a rest for the next couple weeks. let people grieve. let people do what they need to do, and if you want to argue about funding first responders, the sequester, do it later. i...
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Apr 23, 2013
04/13
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FBC
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who you how do they bring all the cash back here without a huge tax bill? >> just call bank of america and borrow it at 2%. david: okay. >> your dividend with the increase grosses up to 4.5%. so it is a negative cost to finance at the margin if you, if you borrow. so, this isn't a problem at all. i think, also, i'm a great student of dr. john malone, this cop use some leverage. i this we're really moving in the right direction. liz: we have got breaking news and that is apple beat estimates on both the top and the bottom lines. let's stop. we want to let our viewers know, still halted right now. the second it starts trading we will get you that price but john bright is saying he expects it to move higher in the after-market. rob, what do you think? in a way the outlook is a little mixed here? >> i actually expect it to move higher in the after-market as well though i don't think it has hit bottom yet. i think we'll go through a number of cycles as this company proceeds. it will be a upcycle for a while and outlook will take hold as we drop into the next qua
who you how do they bring all the cash back here without a huge tax bill? >> just call bank of america and borrow it at 2%. david: okay. >> your dividend with the increase grosses up to 4.5%. so it is a negative cost to finance at the margin if you, if you borrow. so, this isn't a problem at all. i think, also, i'm a great student of dr. john malone, this cop use some leverage. i this we're really moving in the right direction. liz: we have got breaking news and that is apple beat...
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Apr 23, 2013
04/13
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KRCB
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. >> the combination of tax liens and higher revenue drove two of the country's largest airlines to post a rare profit in the first quarter. >> delta air lines, excluding charges it earned 10 cents a share on revenue of $8.5 billion. by the way, this is the first profitable first quarter in over a decade for delta. >> meanwhile, u.s. airways beat the street earning 31 cents a share on revenues of under 3.4 billion. the combination of tighter capacity and higher load factors meant they were lower in the first quarter and fuel prices also help the bottom line. executive it is for the airline expressed concerns due to the faa furloughs impacting their business in the second and third quarters. with more delays expected some on wall street are worried the sequester could warn potential airline customers not to fly. >> people get to vote their vacation dollars however they want and they see that it's a hassle to fly more than it's normally a hassle to fly and they may vote and, you know, differently and with lower gasoline price s they might get people driving to their vacation rather than fl
. >> the combination of tax liens and higher revenue drove two of the country's largest airlines to post a rare profit in the first quarter. >> delta air lines, excluding charges it earned 10 cents a share on revenue of $8.5 billion. by the way, this is the first profitable first quarter in over a decade for delta. >> meanwhile, u.s. airways beat the street earning 31 cents a share on revenues of under 3.4 billion. the combination of tighter capacity and higher load factors...
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Apr 18, 2013
04/13
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CNBC
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tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is that the core business is still in that kind of high teen to 20% growth with stable margins, ebitda margin in the mid-30s range. i think to the point of jon mentioning enhanced campaign, they're trying to equalize the money that advertisers are spending on mobile as it relates to desk top. i think that's starting to work. we saw that a little bit with yahoo. i think we're going to see that with facebook in a couple of weeks. mobile advertising may be in the infancy is really starting to work and that was part of wha
tax rates. is there a question in your mind, is the earnings -- as to the earnings quality this quarter? >> you know, not really, that was an r & d tax credit that had flow through in terms of year. i remember looking at the core business, i think motorola as you mentioned, it's a little bit of dragging a lead ball on a chain. but the core business is very solid. volume was up 20%, pricing or cpc as people call it, down 4%. that's moderated, and i think the really key message here is...
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Apr 17, 2013
04/13
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CNBC
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eye 35
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "fast." the issue of public safety has been front and center given the developments in boston. gun violence another issue being taken up today. earlier today members of the senate rejecting a plan that would have expanded background checks. president obama is expected to deliver a statement on gun violence shortly. so let's go to john horwood with what we can expect. john, in terms of what we can expect, will that dog tail at all with the situation in boston? >> reporter: i don't think so. we know the president is going to be appearing with members of some families effected in newtown. we keep hearing from the white house, from vice president biden, from the senate democratic leadership that they don't consider this background check issue a dead letter even though it fell six votes short of br
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> welcome back to "fast." the issue of public safety has been front and center given the developments in boston. gun violence another issue being taken up today. earlier today members of the senate...
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89
Apr 17, 2013
04/13
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FBC
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eye 89
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let's juice up and give us tax decreases and tax cuts. do you think that's going to happen? >> i do, i'm optimistic and have always been, but in 2014, i think we'll take the senate and in 2016, the presidency and it doesn't have to be a republican. it can be a jack kennedy democrat and low rate, flat tax, you know, spending restraint and we can get sound money, free trade, mineral regulation and get the heck out of the way and the way that thatcher did and kennedy did and bill clinton did. this is what we need. >> look, i couldn't agree with you more, i do believe that's exactly what we need. and you think that that will be the expectation for the future. >> yes. >> and the stock market will go up early or middle of next year, because it expects that to happen? >> i think so. i mean, you really, unfortunately in this wonderful economy of ours, i love margaret thatcher's speech she said socialism a wonderful until you run out of other people's money to spend. the truth of the matter is we've run out of other people's money to spend. the party is gone and economy is in terribl
let's juice up and give us tax decreases and tax cuts. do you think that's going to happen? >> i do, i'm optimistic and have always been, but in 2014, i think we'll take the senate and in 2016, the presidency and it doesn't have to be a republican. it can be a jack kennedy democrat and low rate, flat tax, you know, spending restraint and we can get sound money, free trade, mineral regulation and get the heck out of the way and the way that thatcher did and kennedy did and bill clinton...
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611
Apr 24, 2013
04/13
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FBC
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eye 611
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. >> other democrats are suggesting closing what is known as the corporate jet tax loophole to pay for the air traffic controllers. there is bipartisan proposal would give department of transportation more leeway to transfer money from one account to another to restaff the faa control towers. that has some bipartisan support there. still not enough momentum where seems like something would pass confess anytime soon. back to you. david: i love idea saving money you never intended to spend in the first place. you can't afford not to buy this. quite a sales gimmick. liz: exactly. david: sometimes it works. thank you very much. liz: see if they bite on that one. plenty of entrepreneurs would absolutely dream of having amazon buy their company. so what is it exactly that amazon looks for before purchasing a company? our next guest is on the inside working to sell a company to the tech giant and interviewed a bunch of amazon acquirees to find out what catches amazon's eye. david: also we'll tell you, and i'm sure a lot of people have perfect examples of this. the least and the most stressful
. >> other democrats are suggesting closing what is known as the corporate jet tax loophole to pay for the air traffic controllers. there is bipartisan proposal would give department of transportation more leeway to transfer money from one account to another to restaff the faa control towers. that has some bipartisan support there. still not enough momentum where seems like something would pass confess anytime soon. back to you. david: i love idea saving money you never intended to spend...
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Apr 23, 2013
04/13
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CNBC
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houston, texas, no taxes, chicago, illinois. >> chicago's a great city. i love chicago, my wife's from chicago, but i've got to go with houston because i like the tax rate. >> and you were just there. >> i was just there, people were nice. i like the kind of semi-spanish style of the home, the gas grill, that outdoor living thing they've got going. >> it's a great house, great house, great location, houston, texas wins. >> wow! we've dethroned the painted lady. >> the former brothel, and that house, by the way, the other one, is actually, was a former brothel. so the english manor has deflowered the former brothel, so to speak. >> it's almost worth staying in the painted lady to hear the whispering -- >> you can't imagine the number of e-mails i got about it, seriously. but i have to tell you, it's a tough, tough go on this one. okay, both houses are amazing, both houses are in beautiful condition, both houses just are winners. but texas wins. the fact that unemployment in chicago is so much higher than houston, houston, 6%, chicago 9.2. you've got to giv
houston, texas, no taxes, chicago, illinois. >> chicago's a great city. i love chicago, my wife's from chicago, but i've got to go with houston because i like the tax rate. >> and you were just there. >> i was just there, people were nice. i like the kind of semi-spanish style of the home, the gas grill, that outdoor living thing they've got going. >> it's a great house, great house, great location, houston, texas wins. >> wow! we've dethroned the painted lady....
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75
Apr 23, 2013
04/13
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FBC
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10 years through a series of limits on tax breaks, a tax on the banking industry and new estate taxes. now the tpc estimates that 86% of additional taxes in 2015 will be paid by those earning over $200,000. the president's budget proposal plans on also raising the tax on cigarettes. 94 cents more per pack. the tpc says that the higher cigarette tax will affect low and moderate income families as they are more likely to smoke than higher income earners. there you go. i don't smoke but a pack of cigarettes, my gosh. tracy: a lot of money. ashley: a lot of money. tracy: a sneaky way to get more money out of you because they push you to higher brackets quicker. ashley: yeah. tracy: sneaky. a new on line sales tax expected to clear the senate. could it face a tough battle in the house? we'll have details on that next. ashley: a bogus tweet claiming president obama injured in a white house, explosion sending stocks plunging. we have the latest from washington to wall street. first let's take a look at latest winners and losers as we head to break. @ menaced the close, let's go to the f
10 years through a series of limits on tax breaks, a tax on the banking industry and new estate taxes. now the tpc estimates that 86% of additional taxes in 2015 will be paid by those earning over $200,000. the president's budget proposal plans on also raising the tax on cigarettes. 94 cents more per pack. the tpc says that the higher cigarette tax will affect low and moderate income families as they are more likely to smoke than higher income earners. there you go. i don't smoke but a pack of...
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Apr 23, 2013
04/13
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KNTV
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there are lots of reasons not to like taxes. bottom line, in many cases, you were already paying them. in every case, you were ez spoed to supposed to be paying them. states and cities could collect $22 billion in new tax. the big business storiry y is g to be apple. investors are in a bad mood. no matter what the quarterly numbers are, do watch for apple to be pessimistic about business going forward. a strategic move by apple to push expectations down ward. netflix is now bigger than hbo. more subscribers. also, for an extra fee, the company says it will allow four simultaneous streams in your house, four tv sets or computers or ipads or whatever, all watching different movies. netflix shares on a terror of 25% after hours. we expect $215 a share. remember, back before qwickster, much higher than that. >> it is in a positive direction? >> yes. >> they will take that compared to where they have been. thank you very much. 6:15 right now. >>> we can safely say the future of flight is upon us. a plane that needs only sunlight to f
there are lots of reasons not to like taxes. bottom line, in many cases, you were already paying them. in every case, you were ez spoed to supposed to be paying them. states and cities could collect $22 billion in new tax. the big business storiry y is g to be apple. investors are in a bad mood. no matter what the quarterly numbers are, do watch for apple to be pessimistic about business going forward. a strategic move by apple to push expectations down ward. netflix is now bigger than hbo....
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Apr 23, 2013
04/13
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FBC
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eye 69
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the kind of tax reform we had in 1986 where you eliminate tax references and you lower rates. president obama has tended to be against lowering rates. he wants to raise rates on high income earners. but you've got an interesting situation now. senator, the chairman of the senate finance committee, the ranking democrat now since someone has announced he's not going to run for re-election in 2014. that gives him pretty much a free hand to try to fashion some kind of tax reform if he wants to do it in cooperation with the ranking republican on that committee. i think that it is within the realm of possibility that these two could do that. dave camp, the republican chairman of the house weighs and means committee has been working on the tax reform. we've seen on immigration, the president is leading from behind. he's the opposite of l.b.j. who insisted that congress pass his law without changing a comma. president obama doesn't have much in the way of recommendations. so it's possible, i think, not likely but possible that we could see serious moves towards tax reform. dagen: keep
the kind of tax reform we had in 1986 where you eliminate tax references and you lower rates. president obama has tended to be against lowering rates. he wants to raise rates on high income earners. but you've got an interesting situation now. senator, the chairman of the senate finance committee, the ranking democrat now since someone has announced he's not going to run for re-election in 2014. that gives him pretty much a free hand to try to fashion some kind of tax reform if he wants to do...
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he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening, eamon. >> good evening, larry. the new details are that the law and lobbying firm green and troutwig has received and is responding to a subpoena from the s.e.c. in this matter. they are involved in a situation here, because the allegation is that a separate firm called hight securities sent a tip to wall street clients that changes were coming to medicare. there was an employee involved in the chain of communication of e-mails of some of this information. now greenbergtroutwig also saying today they're going to get out of the business of so-called political intelligence. that's when firms in
he wants to end the spending cuts so he can raise taxes. you know it and i know it. and kevin brady knows it. thank you, mr. brady, we appreciate it. >> thank you. >> very much. now, folks, some more bad news. i don't know. a huge insider trading scandal broke earlier this month. a washington lobbyist tipped off some investors to an $8 billion increase in government health care spending. now, cnbc's eamon javers has new details about this grisly story. once again, good evening,...